DS Smith (OTCMKTS:DITHF) Sets New 52-Week High at $5.75

DS Smith Plc (OTCMKTS:DITHF)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $5.75 and last traded at $5.75, with a volume of 3000 shares trading hands. The stock had previously closed at $5.75.

DITHF has been the subject of a number of research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of DS Smith in a research note on Thursday, March 4th. Credit Suisse Group started coverage on DS Smith in a research note on Thursday, March 25th. They set a “neutral” rating for the company. Zacks Investment Research lowered DS Smith from a “buy” rating to a “hold” rating in a research note on Wednesday, April 28th. Berenberg Bank raised DS Smith from a “hold” rating to a “buy” rating in a research note on Wednesday, March 17th. Finally, Bank of America lowered DS Smith from a “buy” rating to a “neutral” rating in a research note on Monday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. DS Smith presently has an average rating of “Hold” and an average price target of $6.25.

The firm has a fifty day moving average price of $5.54 and a two-hundred day moving average price of $4.98. The stock has a market capitalization of $6.16 billion, a PE ratio of 13.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.86 and a quick ratio of 0.63.

DS Smith Company Profile (OTCMKTS:DITHF)

DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.

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